The Buzz
All markets and investing news all the time

VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
EAN: Does not apply
Color: Navy MPN: SERENE
Size: 10 W US Brand: VANELi
US Shoe Size (Women's): 10 W US UPC: Does not apply
Style: Navy

VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3
VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3 - hollisbaker.com

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3 - hollisbaker.com
About This Author
VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3 - hollisbaker.com
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Contributors
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
 
Vionic Women's Gramercy Ballet Flat Black Black 8.5 M , TSUBO Millay men's women's sneakers leather shoes US 6 (rrp:) , 100%authentic Prada Metallic Leather Espadrilles sz 39.5 / 9.5USAUTH NEW WOMEN TORY BURCH SERENA EMBOSSED LEATHER BALLERINA/BALLET FLAT US 6.5 , ara Women's Rachel Slip-On Loafer Dark Brown Croco 8 M US , NWB DOLCE & GABBANA Espadrilles Pineapple Pink Size EU37, US7, UK4Gabor 82.400.22 Rose Gold Metallic Sporty Ballerina Flat Shoe 9 New , J CREW TASSEL OXFORD SHOES LOAFERS LEATHER WARM COGNAC BROWN SIZE 10 $268 ITALY , Dansko Women's Martina Mary Jane Flat, Honey Distressed, 37 EU/6.5-7 M US , Sabrinas Florencia Marino Suede Leather Slip On Flats Casual Shoe 38NewArche 'Lazaro' Bootie-Grey/Black-Size 8 US/ 39 EU- $575- (P1)TOD'S Embossed Leather Mauve Loafers Size 37Sabrinas Moon V18 Platino Gold Fleck Suede Loafer Flat Comfort Shoe 37NewYsl Saint Laurent Dance Black Leather Ballet Flats Ballerina Bow, clear sides , ECCO Women's Women's Soft 7 Zip High Top Fashion Sneaker, Ombre, 41 EU / 10-10.5Geox Amy Silver Womens Shoes Size 7 M Flats MSRP $375CELINE Ballet Flats Ballerina Blue Grey Shoes Stretch Fit Size , CLARKS Women's Un.Loop, Black Leather, 9.5 M USDorateymur Baby Blue Suede Harput loafers women us 6.5 eu 38 , Tory Burch Mini Miller Lizard Embossed Ballet Flats Shoes Size 8 M White NEW (K) , Cole Haan Women's ZeroGrand Fashion Sneaker Heather Grey/Black/Black Crocodile , DELMAN-LIGHT BROWN LEATHER LOAFER WITH BOW ACCENTS-SIZE 8B-NEW, NEVER WORN , EUC!!! TOD'S Gommino Loafers Women's Size 37.5 US 7.5 Beige Leather MRSP $695 A5 , Alife x Crocs Classic Shoe Men's 5/Women's 7Josef Seibel Women's Ida Flat, black, 41 EU/10-10.5 M US , Taryn Rose Rosalyn Ceramic Beige Nappa Leather Flower Flat Shoe 6.5 NewNew J Crew Collection Academy Loafers in Calf Hair Camel Black Sz 11 G8985VALENTINO GARAVANI ROCKSTUD BLACK LEATHER BALLET ESPADRILLE FLATS 37 US 7 Vale , BRAND NEW IN THE BOX TORY BURCH JOLIE BALLET FLAT SIZE 6
Powerball winner can stay anonymous, judge rules
 
Counterfeit goods market is booming and becoming more dangerous
 
Kodak ditches digital cameras, will focus on photo printing Sociology Womens Swell Weather Boots Size 8 Color GrayVery Volatile Women's Lunet Western Boot Tan Size 7.0Sofft 7.5 Buckle Heeled Boots Fur Cuff Comfort Excellent ConditionPeacock Vintage Beijing Cloth Shoes Embroidered Boots jujube 35Dirty Laundry by Chinese Laundry Women's Railroad Rain Boot, Black Pvc, Size 7.0 , Marc Fisher Medium Calf Leather Riding Boots Audrey Black Cognac 7M NEW A267708 , Anthropologie Bettye Muller Flynn Perforated Boot Taupe Size 6 brand new in box , Breckelles Women's Felicia13 Slouchy Mid Calf Faux Leather Ruched Boot , Sugar Vale boot women's black over the knee tall boot size 8Durango Boot Women's RD4112 11 Size 9M NWT , Miss KG Black Faux Leather Block Heel Gold Chain Front Ankle Boots 7 40 US 9 New , Alegria Leather Side Zip Ankle Boots - Hayden Floral Notes 39La Canadienne Halle Patent Flat - Women's Size 7M BlackZara Platform Derby Shoes Rhinestone Beading Size 8 NWT BlackPRADA PINK SUEDE LEATHER MOCCASIN LOAFER SIZE 38.5 $229 MADE IN ITALYECCO SOFT 3 Women's Fashion shoes boots sz.US 7-7.5 chili red New 221513 , NIB COLE HAAN Pinch Grand Tassel Loafers in Gold Metallic Suede WO1339 Sz 9 BCORSO COMO 226419 light orange patent leather perforated ballet flats sz. 6 , Alice and Olivia NIB Pemton Black Floral Tie Sneakers Size 38 8 B Retail $225Women's Naot Luga Mary Janes, Black, 38 EU/7-7.5 US, MSteve Madden Womens Bertie-S Gray Fashion Sneakers 9.5 Medium (B,M) BHFO 7672Sperry Top-Sider Women's Harbor Stroll Boat Shoe (STS92961) SZ 5.5MProgetto Bronze Leather Woven Huarache Style Espadrille Buckle Shoes Size 40/9MReef RF0A362E-GCR-080 Womens Girls Walled Hi Fashion Sneaker- Choose SZ/Color. , Women's Paul Green Metallic Brogues Flats , Women's tommy hilfiger rain boots BootsClarks Artisan Brown Leather Side Zip Casual Ankle Heel Boots Women's Size 7 NWomen's Faux Rhinestone Ankle Boots Warm Chunky High Heels Shoes Platform Winter , Women's Brown Faux Leather Mid-Calf Knee High Winter fashion Snow Boots Size B8GEOX Nhenbus D sneakers pr. buffalo navy/dk. navy sale d828da ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
VANELi 10 Womens Serene Flat Navy 10 W US Navy US 1afa7d3 Flats
1124718
1770365
3531509
5057149
7690404
12364767
14730430
15058243
16918090
Powered by WordPress.com VIP.